Higher Education Support Act 2003

Schedule 1A - VET FEE-HELP Assistance Scheme  

Note:

See section 6-1 .

PART 1 - VET providers  

Division 4 - What are the VET quality and accountability requirements?  

Subdivision 4-B - the VET financial viability requirements  

SECTION 15   Financial information must be provided  

15(1)    
A *VET provider must give to the Minister a financial statement for each *annual financial reporting period for the provider in which a student of the provider receives assistance under this Schedule.

15(2)    
The statement:

(a) must be in the form approved by the Minister; and

(b) must be provided with a report, on the statement, by:

(i) the Auditor-General of a State, of the Australian Capital Territory or of the Northern Territory; or

(ii) a registered company auditor (within the meaning of section 9 of the Corporations Act 2001 ), who is independent of the *VET provider; or

(iii) a person approved by the Minister under paragraph (d) of the definition of qualified auditor in subclause 1(1) of Schedule 1 , who is independent of the VET provider; and

(c) must be provided within 6 months after the end of the *annual financial reporting period for which the statement was given.

15(3)    
An annual financial reporting period , for a *VET provider, is the period of 12 months:

(a) to which the provider ' s accounts relate; and

(b) that is notified in writing to the Minister as the provider ' s annual financial reporting period.